🔴 Snap is trading 15% down on November 6 after Q3 revenue and user-growth misses

Snap is trading at ARS 8575.00, with a -14.68% change, after disappointing third-quarter results.

• Revenue was $1.72 billion versus the $1.73 billion estimate; daily active users totaled 495 million, below 499 million.
• Advertising revenue grew 4%, slowing from 9% in Q2; management said growth remained below its ambitions.
• The prior session’s broad technology selloff may add pressure, but earnings and ad-growth disappointment is the clearest company-specific catalyst.